Boehner Delivers Plan B Ultimatum

By: Wednesday December 19, 2012 12:33 pm

John Boehner just gave a “press conference” that clocked in at under a minute, where he took no questions and basically said that Democrats could either pass his “Plan B” proposal, which extends Bush-era tax rates on the first $1 million of income and does basically nothing else, or “be responsible for the largest tax [...]

Learned Behavior: Obama’s Backtrack on Tax Rates, Debt Limit Empowered Republicans

By: Wednesday December 19, 2012 7:45 am

The White House announced they would veto “Plan B,” John Boehner’s gambit to pass a bill extending the Bush-era tax rtes for all earners on the first $1 million of income. And Nancy Pelosi said that Boehner had better have 218 votes for such a bill, since House Democrats won’t provide any. Of course, Boehner [...]

Boehner Trying to Push Plan B Over the Counter

By: Tuesday December 18, 2012 10:22 am

I guess the good news about the state of the fiscal slope negotiations is that nobody seems to like what’s on offer. Dick Durbin, seen as close to the President, just rejected including the chained CPI for Social Security benefits in a final deal. That rejection came even faster than the rejection of raising the [...]

As Poll Shows Public Wants Higher Taxes on the Rich, Conservative Dems Waver

By: Tuesday June 19, 2012 10:38 am

A new poll from the National Journal shows that the principle of raising taxes on the wealthiest Americans by letting the Bush tax cuts expire remains extremely popular, even as some Democrats show trepidation about the idea. A new United Technologies/National Journal Congressional Connection Poll shows that only 26 percent of the public wants to [...]

Pelosi, White House Explain Positions on Bush Tax Cuts

By: Friday June 1, 2012 7:07 am

Nancy Pelosi’s Bush tax cut shift continues to sow confusion among the top ranks of the Democratic Party, who are struggling to find a consensus view. White House Press Secretary Jay Carney was asked about the tax cut issue yesterday: Q: The President for a long time has advocated ending the tax breaks for those [...]

Citizens Tax Justice Runs the Numbers on Pelosi’s New Tax Cut Plan

By: Thursday May 24, 2012 6:56 am

When I noted that Nancy Pelosi now sees “middle class tax cuts” as applying to anything under $1 million in income, the only part I didn’t have a firm grasp of was the specific dollar figures underlying this shift. I knew that you would end up with far less in revenue if you drew the [...]

Pelosi Shifts the Goalposts – Now Draws Line on Bush Tax Cuts at $1 Million

By: Wednesday May 23, 2012 12:15 pm

House Minority Leader, Nancy Pelosi, responding to an expected acceleration of John Boehner’s timeline on the Bush tax cuts, fired off a letter to the Speaker asking for immediate consideration of an extension of just the “low end” tax cuts – which include the Bush-era marginal rates for households making up to $1 million. This [...]

Millionaire’s Surtax Would Pay for American Jobs Act

By: Monday October 10, 2011 7:35 am

The proposed 5.6% surtax on millionaires, essentially the creation of a new tax bracket at the $1,000,000 income level, would raise enough money to pay for the American Jobs Act, according to the Congressional Budget Office. That pay-for will be used when the Senate attempts to pass a cloture vote this week on the bill. [...]

Playing Politics on Taxes: Only One Side Knows How

By: Tuesday November 30, 2010 7:12 am

The tax cut debate offers a glimpse into how the parties play politics in America these days. Democrats, who have a winning argument in the country on their position, instead have no consensus on their position whatsoever, and have begun to bargain with themselves. Their latest infatuation, a millionaire’s bracket, isn’t necessarily a bad idea [...]

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